Banks (Finance)
Macquarie Bank Ltd has pulled out of its $2.6 billion takeover bid for the 300-year-old London Stock Exchange (LSE), citing strong resistance from the LSE board and its shareholders. The Australian investment bank had made a 580 pence ($A13.72) per share offer, but after speaking to key LSE
Banks (Finance)
The London Stock Exchange (LSE) has been spared a potential takeover after Macquarie Bank, an Australian lender, abandoned its £1.5 billion hostile bid. Macquarie's decision comes after it failed to win over investors in the British market, with the company's shares touching a record 848.
Stock prices
The New York market ended yesterday with a modest decline, while Toronto finished lower in thin trading. The technology group was a major contributor to the losses, with several prominent companies in the sector experiencing significant declines. Key Takeaways: * The Toronto Stock Exchange 300-stock index eased 7.59 points to
Stock prices
The New York Stock Exchange (NYSE) traded narrowly mixed on Monday, with investors exercising caution ahead of this week's inflation news. Despite early gains, the Dow Jones industrial average retreated, and bond weakness continued to weigh on the market. The Labor Department's upcoming reports on producer
Petroleum industry
Stock exchanges in Rio de Janeiro and São Paulo rebounded strongly on Thursday, partly reversing the sharp losses incurred on Monday. The Bovespa index, which tracks the São Paulo stock exchange, rose by 2.7% to hit 14,748 points. The Rio de Janeiro stock exchange, as measured by the
Petroleum industry
Oil stocks showed signs of recovery on Wall Street after a sell-off on Monday, as some analysts upgraded their ratings based on the assumption that oil prices have bottomed out and will remain in the mid-teen range for the year. However, not all analysts share this view, predicting that first-quarter
Information services
Markets across North America experienced a surge in activity on Thursday, dubbed "triple-witching Friday," as investors and traders flocked to buy stocks, resulting in significant gains for the Dow Jones industrial average and the TSE 300-stock composite index. The New York Stock Exchange saw its fourth-heaviest trading day
Information services
The Toronto stock market enjoyed a remarkable day, outperforming the New York market by a significant margin. The Toronto Stock Exchange's 300-stock composite index surged 25.06 points to 4,525.67, building on gains from the previous two days. This rally has been driven by the mining
Stock exchanges
The Dow Jones Industrial Average surpassed the 3800 barrier on Thursday for the first time ever, with the Dow industrials adding 5.06 points to 3803.88, marking its second straight record close. The Dow transportation also set its second straight record close, climbing 23.38 to 1802.21. However,
